The current assets and current liabilities for Violet, Inc., and Magenta, Inc. are shown as follows at the end of a recent fiseal period Violet, Inc. Magenta, Inc Current assets Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets 11.232 7.254 ,914 468 2,574 26,442 $15,119 1,303 9,646 1,043 4,432 31,543 Total current assets Current Habilities $5, 167 4,583 9,750 10,986 ,634 18.620 Accounts payable Accrued and other current liabilities Total current liabilities -These represent prepaid expense and other nonquick current assets These represent prepaid expense and other nonquick current assets. a. Determine the quick ratio for both companies. If required, round your answers to one decimal place. Quick Ratio Violet, Inc.: Magenta, Inc.: b. Which company has a stronger relative cash and short-term investment position